Tag: travel
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Momondo acquisition by Priceline: a closer look
Momondo Group was sold to Priceline, owner of rival Kayak, in a $550 million deal. The two Momondo Group brands, Momondo and Cheapflights, will fall under the Kayak division. Another impressive European travel tech success story, made even more impressive by the fact that Momondo underwent major strategic transformations during its development (acquisition, merger and strategic shift…
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£1.4B Skyscanner acquisition: a closer look
Chinese online travel agent CTrip acquired Skyscanner at a valuation of £1.4B, predominantly in cash. That’s roughly 12x 2015 revenues, 64x 2015 normalised EBITDA. We estimate that on an LTM basis (last twelve months) the multiples are around 10x LTM revenues and 50x LTM EBITDA; a great achievement for Skyscanner’s founders and investors. How does this transaction…
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Trivago gets ready to IPO
Expedia is moving ahead with exploring an IPO of Trivago, it’s hotel meta-search unit (Reuters), and started rounding up investment banks. Expedia acquired a 62% stake in Trivago in December 2012 for about $ 650M ($1 billion valuation). Expedia will not sell any shares in the IPO, but the Trivago founders (38%) will exit. A…
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Online Travel: a Deep Dive (download)
We’re very excited to present the first Dealroom industry research paper, about travel: new developments, identified opportunities and companies to watch. The scope is global, but with a European perspective and emphasis. In making this report, we received highly valuable contributions from over a dozen industry insiders, most of them founders. [report-download index=”1″/] In addition…
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Online Travel Industry Report: a Sneak Preview
In a few days from now, we will release our first industry paper, all about online travel: new developments, identified opportunities and companies to watch. The scope is global, but with a European perspective and emphasis. The primary source is Dealroom’s own database of 500K tech companies, plus industry research and interviews. In making this report, we received highly valuable contributions from over a dozen industry insiders, many of…